Why is Crypto Market Going Up? (July 18)

The Crypto Market gained 0.95% to reach $2.19 trillion on July 18, supported by improving regulatory expectations. 

Bitcoin, Ethereum, and XRP registered slight improvements as institutional buying came back in exchange-traded funds. Traders also monitored developments around the CLARITY Act. It’s possible that Senate progress has encouraged hopes for clearer rules. It can also enhance the involvement of big investors around the world this week.

CLARITY Act Optimism Fuels Crypto Market Recovery

The latest Crypto Market rebound was driven by regulatory optimism the most. Investors are increasingly pushing legislators to develop the CLARITY Act in the next week. 

The bill would split the oversight duties between the key financial regulators in the United States. It can also designate Ethereum and some already established tokens as digital commodities.

The framework would help minimize uncertainty among the exchanges, developers, custodians, and institutional investors. Closer legal treatment will have the effect of making companies extend services without the fear of non-uniform enforcement. 

In an interview on July 17, Representative Bryan Steil was optimistic about the progress in the Senate. The market participants then concentrated around potential vote between July 20 and July 24.

The odds of the Clarity Act becoming law in 2026 have dropped to 37%.

Do you guys think the Clarity Act will pass this year? pic.twitter.com/XnUG16KhNs

— Ted (@TedPillows) July 18, 2026

The confidence in the legislation was also improving with the predictions market estimates. On July 17, reported passage odds rose to 42% as compared to 30% on 2026. But Senate leaders have not ratified an official floor schedule. The odds of the Clarity Act becoming law in 2026 have dropped to 37%. Any respite would hasten to undermine feeling and strain new acquisitions.

Bitcoin and Ethereum ETFs Attract $168.73M in Inflows

Institutional inflows provided another important boost for the Crypto Market. Spot Bitcoin exchange-traded funds reported an inflow of $132 million in net inflows on July 17. 

Spot Ethereum funds attracted another $36.73 million during the same trading session. Total inflows as such amounted to 168.73 million, according to SoSoValue.

Spot Bitcoin and Ethereum ETFs Record $132M and $36.73M in Net Inflows

According to SoSoValue data, on July 17 (ET), spot Bitcoin ETFs recorded total net inflows of $132 million, while spot Ethereum ETFs recorded total net inflows of $36.73 million. pic.twitter.com/LU7M0RQzbG

— Wu Blockchain (@WuBlockchain) July 18, 2026

Bitcoin products also received $79.15 million on July 16. The fresh surge of demand came after a tough spell of withdrawals. The Bitcoins funds recorded a thirteen days outflow streak in June. The larger group also experienced eight weeks of consecutive negative flows.

Bitcoin, Ethereum, and XRP Price Outlook

Bitcoin price increased by 1.45% to trade around $64,095 in the latest session. The BTC price must hold support between $63,500 and $63,880. 

Any stability above that level might prompt another challenge between the resistance of $65,000 and $65,500. A strong breakout may extend the wider Crypto Market rally. However, losing $63,500 could expose Bitcoin to the $62,500 support level.

Ethereum price gained 0.61% and traded around $1,845. Buyers are still interested in support that is near $1,810. 

The positioning of that level would lead to a potential move to the 100-day exponential moving average at around $1,940. A breakout is possible to award $2,000. Any weakness less than $1,810 may take Ethereum to the level of $1,790.

XRP price rose by 0.60% and traded at close to $1.09. The token should stay above $1.08. The resistance between $1.10 and $1.12 could then be targeted by the buyers. A decline to less than $1.08 can lead to losses to $1.05. 

The flow of ETFs and the formal Senate planning of the forthcoming market direction will be closely monitored by traders. Still, momentum is weak, though.